Your bank now checks the name behind the IBAN

Free name-IBAN match checks on euro transfers — a direct hit on invoice scams.

Since 9 October 2025, banks in the euro area must check whether the recipient’s name matches the IBAN before you send a euro transfer, and warn you if it doesn’t — free of charge. “Verification of Payee” is one of the most effective anti-scam rules the EU has shipped: fake-invoice, fake-landlord and “new bank details” fraud all rely on you not knowing who really owns the account.

For youNever wave a “no match” warning through. Pair it with our scam checker before you pay anyone new.

Next: Banks in non-euro EU countries must receive instant euro payments by 9 January 2027 and offer the name check by 9 July 2027. The new Payment Services Regulation, agreed in November 2025 but not yet formally adopted, would extend name checks to all transfers and make banks refund victims of bank-impersonation fraud.

Verified against the sources above on 29 September 2026. Plain-language summary — not the legal text and not legal advice.